A fireman once commented how unsafe it was to enter a burning property without knowing where all the exits were. This same logic applies to the real estate sector. While making any offer, at the back of one’s mind, the exit strategy should be decided preferably incorporating means to generate wealth at the same time. The exit strategy plays a major role in deciding the financing options required. One needs to think of questions like whether one wants to use the profits to buy a new property or invest it somewhere else, how much money is one hoping to make, when will the money be required? Read the rest of this entry »